This wave occurred 3 days ago and is an analogy for investing when stock prices are high. One guy barely escaped. The other guy thought he could make it. But he may end up winning the biggest wave of the year, and receive a bunch of money. Life is funny that way.  

The United States does not have the traditional type of financial repression where savers are household consumers who primarily deposit their savings in banks. And where borrowers are producer firms that primarily borrow at banks. These constraints apply mostly to emerging economies. The key with these constraints is to tie consumption to the return on […]

I once decided not to do this, but I’m dumping a comment here. Brad DeLong thinks about Larry Summers and secular stagnation, Olivier Blanchard and higher inflation targets and Ryan Avent here. I can’t summarize his post but I comment here.

I want to remind readers that while our attention is on one part of retirement funding, there is a lot left out from the performances of defined benefit plans, IRA and Roth IRA, and 401ks.  Kenneth Thomas does some reminding in past posts: Solutions to Middle Class retirements 66 trillion retirement saving shortfall The fiscal […]

Via Naked Capitalism comes this analysis of the current state of regulatory translucence and the Warren Coburn bid for more transparency.   David Dayen writes: I’ve been going out of my mind the past few days seeing the easily duped traditional media uncritically printing statistical analysis from JPMorgan Chase’s roundelay of get-out-of-jail-almost-free settlements. The gist of […]

From part 3, financial repression expresses in positive ways. Examples, relative government debt is reduced, economic growth speeds up and exports become more competitive. Then why do most advanced countries steer away from it? Or at least why did they in the past? …Financial Repression eventually leads to an Unstable Economy. Advanced countries know better […]

A response to Dale Coberly’s tax increase proposal summarized here: i have been saying for some years now that a one tenth of one percent per year increase in the payroll tax for EACH the employer and the employee would entirely pay for the “actuarial deficit” and would fund Social Security out into the infinite […]

As we continue this fight regarding the national budget, funding for the people, (food, unemployment, medical), entitlements and the overall moral position this nation has and will take with its money, let’s recall the truth about a program that was sold and is still sold as a benefit for the people.   It’s cost is intentionally […]

by Dale Coberly GETTING THE FACTS RIGHT ON SOCIAL SECURITY? CRFB TRIES AGAIN CRFB appears to have simply misread some of what I said.  But they also appear to believe they can argue by “assertion”  or by citing other “non partisan experts” who are members of the Peterson  machine. i will come back to that, […]